Guatemala court deals new blow to Canada’s Tahoe Resources

The stock of beleaguered Canadian miner Tahoe Resources fell as much as 13.5 percent on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas to be included in a fresh round of indigenous consultations and the court denying action to force the Energy and Mines Ministry to renew the company’s mineral export permit.

The Vancouver-based miner advised that the court has directed the MEM to undertake a new consultation process under International Labour Organisation’s Convention 169 with the Xinca communities in four municipalities in the region of the flagship Escobal mine.

Source: Mining Weekly